Anderson County SC Real Estate Market Report September 14 2014

19 Homes Sold in Anderson County

There were 11 homes in Anderson, 3 in Belton, 1 in Piedmont and 4 in Williamston reported as sold this week.

16 single family homes, 2 condos and 1 mobile home were reported as sold this week.

The average price of the homes reported sold this week was $99,146.

The median price of the homes reported sold this week was $88,000.

The average days on market was 63.

Remember this is for only 1 week and 19 homes!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home.

 

Least Expensive Home Reported Sold in Anderson County

The least expensive home reported sold this week was a 1191 SF 2 bedroom 1 bath home on less than 0.25 acres in Anderson. It sold for $2,600 CASH after being on the market for 51 days. Originally hit the market at $6,000.

Located in the 29624 Zip Code and the Westside High, Lakeside Middle and Homeland Park Elementary school district per MLS info.

Not a foreclosure. Being sold via a Quit Claim deed. Located in an area that many buyers would not be interested in. Also some serious condition issues.

Just because a home is cheap does NOT mean it is a good deal. Combine the Quite Claim deed, the location and the condition and I would say this home is NOT a good deal.

 

Most Expensive Home Reported Sold in Anderson County

The most expensive home reported sold this week was a 3900 SF 5 bedroom 4 bath home on less than 0.99 acres in Williamston. It sold for $353,303 and appears to have been under contract when entered into the MLS.

Located in the 29697 Zip Code and the Wren High, Wren Middle and Spearman Elementary school district per MLS info.

This is a brand new never lived in home and often home builders will not enter all of their homes into the MLS. Which can make getting an accurate Days on Market pretty much impossible for new homes. Sometimes the homes may have been for sale for several years but because they are entered into the MLS AFTER they have gone under contract, it distorts the statistics.

Which could make some people think that homes are selling faster than they actually are.

 

  Sold Deal of the Week in Anderson County

In my opinion, the best deal of the homes sold this week was a brick 2327 SF 4 bedroom 3 bath home on 4.62 acres in Piedmont. It sold for $165,500 after being on the market for 23 days. Originally hit the market at $165,500.

Located in the 29673 Zip Code and the Wren High, Wren Middle and Spearman Elementary school district per MLS info.

Foreclosure but new kitchen cabinets, carpet, vinyl flooring, HVAC and more. Formal living, formal dining, den with fireplace. 2 car attached garage. Detached garage workshop with bonus room.

 

Foreclosures and Short Sales in Anderson County

7 of the homes reported sold this past week were foreclosures.

None of the homes reported sold was a short sale.

Today there are 99 foreclosed homes for sale in Anderson County.

Today there are 24 homes listed as a short sale in Anderson County.

 

Inventory and Absorption Rate in Anderson County

Today there are 1511 homes for sale in Anderson County.

  If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 556 days to sell all the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

 

New Listings in Anderson County

There were 45 new listings to hit the MLS this week in Anderson County.

  This Week’s Hot New Listing in Anderson County

The best deal in my opinion of this week’s new listings is a 1850 SF 3 bedroom 2 bath home on 14 acres in Belton. It hit the market at $198,900.

Located in the 29627 Zip Code and the Palmetto High, Palmetto Middle and Cedar Grove Elementary school district per MLS info.

Well maintained and move in ready. Rock fireplace in the living room. Formal dining room. Good price for a nice home on a large tract of land.

 

Looking Forward

25 homes were reported as going Under Contract (Pending) this week.

Currently there are 249 homes in the MLS with an Under Contract (Pending) status.

 

This is only the basics of what happened last week in Anderson County real estate.

If you have questions about real estate in Upstate South Carolina, please Contact Me!

This report covers what happened for the week ending 9-14-2014 based on information from the Western Upstate Multiple Listing Service for the period 9-7-2014 through 9-14-2014. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet. All this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.

Any snarky or sarcastic comments are from your truly.

Mortgage Rate Update September 6 2014

Freddie Mac mortgage rate chart 9-4-2014

Ahhh Saturday! Which for many people means enjoying the weekend. Or doing some work around the home. But around here, it means it is time to check in on the average mortgage rates reported by Freddie Mac, the MBA and Bankrate.com. Plus I will wrap up … [Continue reading]

Mortgage Rate Update August 23 2014

mortgage rate chart

I keep promising myself I will start writing again but for now it is just the normal weekly posts about mortgage rates and the market reports. Maybe I will have more time since school has started back? No promises as to when I will fire the blog … [Continue reading]

Mortgage Rate Update August 16 2014

mortgage rate chart

Another week has flown by and that means it is time to check the mortgage rates reported by Freddie Mac, the MBA and Bankrate.com for this week. PLUS I will wrap it up with some advice about how a wait and see attitude could cost you more … [Continue reading]